1720 WALLACE ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19130
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,397 sqft
Price per Sqft $479
MLS Listing ID PAPH2476616
Style Converted Dwelling
Year Built 1920
Available Date 2025-05-05
Annual Tax Amount $10,247
Tax Year 2024
Lot Size 1,615 Sqft
Property Sub-Type Interior Row/Townhouse
Property Description
Exceptional 4-Unit Income Property in the Heart of the Art Museum Area!
Incredible opportunity to own a rent-ready, cash-flowing multi-family building in one of Philadelphia's most desirable neighborhoods—Fairmount/Spring Garden. This well-maintained 4-unit property features three spacious 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit. Ideal for investors or owner-occupants seeking immediate income and long-term value.
Three units are tenant-occupied, generating $56,760 in gross rent in 2024, with strong rental upside—rents have not been raised in 3 years. The owner-occupied 2-bedroom/2-bath unit has rental potential of $2,200–$2,400/month, pushing projected annual income to over $83,000.
Property Highlights:
Turnkey condition—fully rent-ready and move-in ready
Three new A/C units installed in the last 3 years
Two units with private roof decks offering skyline views
One unit with private backyard patio
Every unit has washer/dryer, dishwasher, fireplace
Immediate cash flow with future growth potential
Perfect blend of income-producing and lifestyle location
Located in the vibrant Art Museum area with easy access to Kelly Drive, I-76, Center City, and public transit. A rare find in a high-demand rental market—whether you're building your portfolio or looking to live in one unit while renting the others, this is a must-see.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Flooring Hardwood,Carpet
Fireplaces Number 4
Exterior
Water Access N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional,VA
Listing Terms Cash,Conventional,VA
Special Listing Condition Standard